Search found 5368 matches

by Fallible
Mon Jul 25, 2016 7:36 pm
Forum: Investing - Theory, News & General
Topic: The Fortitude Required of a Buy-and-Hold Equity Investor
Replies: 27
Views: 1328

Re: The Fortitude Required of a Buy-and-Hold Equity Investor

I agree that knowing this kind of market history can help close the "gap." But risk tolerance is personal, individual, probably about nature and nurture, and it can change often . The need to reassess one’s risk tolerance over time is an important but often overlooked point. Personally, I...
by Fallible
Mon Jul 25, 2016 5:22 pm
Forum: Investing - Theory, News & General
Topic: The Fortitude Required of a Buy-and-Hold Equity Investor
Replies: 27
Views: 1328

Re: The Fortitude Required of a Buy-and-Hold Equity Investor

For beginning equity investors, a critical first step is determining one's personal risk tolerance, or the ability and willingness to shoulder stock market volatility. This can be a difficult task because risk tolerance, in real life experience, is primarily an emotional capacity — while what we kn...
by Fallible
Mon Jul 25, 2016 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Who should my wife and I see, a Financial Advisor, planner, etc.
Replies: 36
Views: 1807

Re: Who should my wife and I see, a Financial Advisor, planner, etc.

In his new book, Jonathan Clements Money Guide 2016, is an excellent list of questions to ask when interviewing prospective advisors, beginning with how they are compensated, what other expenses will be incurred, are they held to a suitability or fiduciary standard, what credentials they hold, etc.
by Fallible
Sat Jul 23, 2016 8:53 pm
Forum: Investing - Theory, News & General
Topic: Reliving the Nightmare of the Crisis
Replies: 115
Views: 7408

Re: Reliving the Nightmare of the Crisis

It is hard to believe the cavalier and gleeful attitude expressed here frequently by BHs about that economic timeframe. Hard to believe that they just sat happily by and either did not even look at the economic news and then their portfolios. That they instead just took it in stride and sat in the ...
by Fallible
Sat Jul 23, 2016 8:38 pm
Forum: Investing - Theory, News & General
Topic: some thoughts from Kahneman
Replies: 6
Views: 896

Re: some thoughts from Kahneman

One of my favorite thinkers https://www.theguardian.com/science/2012/jul/08/this-much-i-know-daniel-kahneman Thanks for posting, Larry. He is also one of my favorites and here are a couple more of my favorite Kahneman quotes on risk and decisions: "Courage is willingness to take the risk once ...
by Fallible
Sat Jul 23, 2016 12:31 pm
Forum: Investing - Theory, News & General
Topic: Reliving the Nightmare of the Crisis
Replies: 115
Views: 7408

Re: Reliving the Nightmare of the Crisis

In '08' I learned, finally, that staying the course in one market crash does not assure staying the course in the next, simply because crashes and crises differ and will test emotional risk tolerances in different and unexpected ways. They are alike mainly in being what investors fear most - uncerta...
by Fallible
Fri Jul 22, 2016 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: Feelings changing about AA as annual savings amount increases?
Replies: 20
Views: 1561

Re: Feelings changing about AA as annual savings amount increases?

So my ability (amount) I can now invest each year has roughly doubled. I'm going from a savings rate of 15% to new one of 30% of my income (dollars saved / gross income). My previous AA was 80/20 stocks/(bonds+cash) since about 2011. I'm in my early 30s. I've never experienced anything like 2008, b...
by Fallible
Wed Jul 20, 2016 11:43 am
Forum: Investing - Help with Personal Investments
Topic: Feeling discouraged
Replies: 60
Views: 5820

Re: Feeling discouraged

Thank you so much for the continued replies. They have really helped to add context and put things in perspective. There will be other times in the future when I feel anxious or discouraged but I know that this is a marathon not a sprint, I've got a good plan in place, I'm very fortunate to be able...
by Fallible
Wed Jul 20, 2016 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Feeling discouraged
Replies: 60
Views: 5820

Re: Feeling discouraged

If the market didn't test the resolve and patience and wits of the average person, then investing would be easy and everyone would invest well. And we know they don't. Yes, and as Warren Buffett said: "To invest successfully over a lifetime does not require a stratospheric IQ, unusual business...
by Fallible
Wed Jul 20, 2016 9:44 am
Forum: Personal Finance (Not Investing)
Topic: I froze my credit, here's what happened next...
Replies: 20
Views: 3467

Re: I froze my credit, here's what happened next...

Thanks for sharing your experience. Before I started a credit freeze several years sgo, I received countless credit card offers. Since the freeze - none.
by Fallible
Tue Jul 19, 2016 4:00 pm
Forum: Personal Consumer Issues
Topic: Why did the car salesman stop replying to my emails
Replies: 70
Views: 6240

Re: Why did the car salesman stop replying to my emails

Hard to say, but maybe they didn't want to put anything in writing when they could be held to it. It's also easier for them to deal with customers in person, get you in the showroom or their offices, home advantage.
by Fallible
Mon Jul 18, 2016 7:46 pm
Forum: Investing - Help with Personal Investments
Topic: Help with mother's investments
Replies: 6
Views: 436

Re: Help with mother's investments

Does your mother have any health issues? If so, these could incur large and growing expenses that should be taken into consideration.
by Fallible
Mon Jul 18, 2016 5:57 pm
Forum: Personal Consumer Issues
Topic: The Big Short
Replies: 176
Views: 20056

Re: The Big Short

I thought it rather odd that Steve Carrel and the other "shorts" were presented as heroes in the story (if we are telling a populist tale of righteous indignation). Economically, the shorts compounded the financial crisis by deepening the losses of the banks. They profited at the expense ...
by Fallible
Mon Jul 18, 2016 1:34 pm
Forum: Personal Consumer Issues
Topic: The Big Short
Replies: 176
Views: 20056

Re: The Big Short

Personally, I didn't particularly care for the movie. My main problem with it is that, like many accounts of the financial crisis (and I suppose Hollywood in general), it was too preoccupied with finding heroes and villains. To start, I don't believe financial crises happen because of large villain...
by Fallible
Mon Jul 18, 2016 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: Feeling discouraged
Replies: 60
Views: 5820

Re: Feeling discouraged

Thanks for the continuing replies. I'm reminded of the Buffet quote, "Investing is simple, but not easy." I need to stick to my plan for the long haul, tune out the noise, and not compare myself to other people that either spend much more than me or have much more invested. Sometimes it i...
by Fallible
Sat Jul 16, 2016 4:27 pm
Forum: Investing - Theory, News & General
Topic: "John Bogle Gets the Last Laugh"
Replies: 8
Views: 2155

Re: "John Bogle Gets the Last Laugh"

A good read, right down to the last line: "Bogle's Folly or a fool's errand. It's your choice." I think next time someone asks me how I invest, I'll say, "In Bogle's folly." And then enjoy watching the puzzled reaction. Out of curiosity, I once looked for the original source, i.e...
by Fallible
Fri Jul 15, 2016 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly care financial questions
Replies: 8
Views: 543

Re: Elderly care financial questions

If you worked with an elder law attorney on the POA and health care, he or she may be able to help with this also.
by Fallible
Fri Jul 15, 2016 12:42 pm
Forum: Personal Consumer Issues
Topic: Retired a year - big loss [ :) ]
Replies: 25
Views: 4884

Re: Retired a year - big loss [ :) ]

I'm down 40 pounds since I retired last July! It would be hard to quantify but I suspect that I have added a lot to my length and quality of life portfolio. Once you have "enough" then be sure to factor in the non-financial aspects of retirement, they can be worth a lot. (The financial po...
by Fallible
Thu Jul 14, 2016 4:46 pm
Forum: Investing - Theory, News & General
Topic: A Tale of Two Strategies
Replies: 23
Views: 2296

Re: A Tale of Two Strategies

Slow and steady wins the race. Your tale reminds me of "the hare and the turtle" or "the ant and the grasshopper". OP - nothing wrong with conservatism if it gets you to your end-goal with certainty. What you have designed is a portfolio that meets your low risk threshold. Congr...
by Fallible
Wed Jul 13, 2016 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: Pull out of market?
Replies: 56
Views: 5251

Re: Pull out of market?

Thanks much to everyone who responded -- lots of good information and food for thought there. I think I need to schedule an appointment with my Vanguard CFP. Yes, since you apparently went with his or her recommendation. It's entirely up to you, of course, but I think we would be interested to know...
by Fallible
Wed Jul 13, 2016 6:07 pm
Forum: Investing - Help with Personal Investments
Topic: 80 year old mother's Fidelity account allocation
Replies: 7
Views: 532

Re: 80 year old mother's Fidelity account allocation

tdo1966 wrote:The $100,000 is in a non-retirement account, and would like to allocate about $65,000 to a combination of stocks/bonds. Would appreciate advice on that allocation and to what funds. Thank you.


Has she said what she would like to do with the money? Does she understand investing risks?
by Fallible
Wed Jul 13, 2016 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Any wealthy bogleheads NOT use credit cards??
Replies: 88
Views: 4547

Re: Any wealthy bogleheads NOT use credit cards??

Well, looks like 98% of bogleheads responding use them, lol. My wife is not wanting to "live off grid", she just hates thought of credit cards and is old school for someone in her late 30's. She balances the budget, I do the retirement stuff. She runs spread sheets. She's ocd to say the l...
by Fallible
Wed Jul 13, 2016 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: Pull out of market?
Replies: 56
Views: 5251

Re: Pull out of market?

What's your AA now, and what's your desired AA? It is a bad idea if you are making the move based on trying to time the market. It sounds like you are trying to time the market based on your talk of switching to ETFs and "getting back in". Bad idea. However, it is a good idea if you reali...
by Fallible
Wed Jul 13, 2016 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Sound bite.
Replies: 13
Views: 800

Re: Sound bite.

John Sweeney, Executive VP for Retirement and Investments at Fidelity today, July 13, on CNBC: "You've got to have some growth in your portfolio, so even for a 65-year-old you want to be looking at 60% in equities." Do you agree or not? From that one sentence it's hard to say, mainly beca...
by Fallible
Tue Jul 12, 2016 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: replacing eyeglass lenses only
Replies: 7
Views: 706

Re: replacing eyeglass lenses only

my wife broke a lens in her favorite eyeglasses. She really likes the frames, but got a quote of several hundred dollars to replace just the lenses from a major national retailer. We have been using Zenni lately (not the frames in question) and the idea of spending that much on lenses doesn't seem ...
by Fallible
Tue Jul 12, 2016 12:56 pm
Forum: Investing - Theory, News & General
Topic: "Jane Bryant Quinn: Plan for a long retirement and maybe even a 101st birthday party."
Replies: 66
Views: 6204

Re: "Jane Bryant Quinn: Plan for a long retirement and maybe even a 101st birthday party."

In case it hasn't been mentioned before, a veritable "Little Book" on aging is Atul Gawande's best selling Being Mortal . It a "just the facts" book that I expected to be a grim owner's manual, but it was actually enjoyable and somewhat heartening. (Older people rank higher on h...
by Fallible
Tue Jul 12, 2016 12:02 pm
Forum: Investing - Theory, News & General
Topic: "Investing in an uncertain world."
Replies: 7
Views: 697

Re: "Investing in an uncertain world."

Enjoyed the interview with Davis and thanks for posting. Especially liked his comment on the importance of knowing market history because it tells long-term investors to "be able to stomach volatility and years of underperformance." It's similar to Bill Bernstein's stressing knowledge of m...
by Fallible
Mon Jul 11, 2016 6:54 pm
Forum: Investing - Help with Personal Investments
Topic: Starting out an IRA for the lady of the house
Replies: 5
Views: 357

Re: Starting out an IRA for the lady of the house

It's good that she will begin investing and Schwab seems a good choice. I may have missed it, but what are your ages? Considering her reluctance to invest, is she okay with the 90/10 allocation you would like? Does she understand what it could mean in a bear market? Are you both familiar with need,...
by Fallible
Mon Jul 11, 2016 6:07 pm
Forum: Investing - Help with Personal Investments
Topic: Starting out an IRA for the lady of the house
Replies: 5
Views: 357

Re: Starting out an IRA for the lady of the house

Recently, I've convinced my wife to finally start a Roth IRA. Historically, she's been reticent of investing and even just getting her to use her 401k was a battle (granted her 401k has terrible options). I shall lay out our current financial situation. Combined emergency fund: 10k HSA funds: 10k +...
by Fallible
Mon Jul 11, 2016 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Real career path for a 23 yr old with no college degree
Replies: 50
Views: 5047

Re: Real career path for a 23 yr old with no college degree

I am hoping to tap the group's wisdom and experiences on this one as I am somewhat at a loss. My 23 year old son (ADHD and very dyslexic) has decided college is not for him. I can't disagree. His strengths are great personality, people like him, extroverted, and he is good at sales. I want to give ...
by Fallible
Mon Jul 11, 2016 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Rent Vs. Buy Example
Replies: 37
Views: 2964

Re: Rent Vs. Buy Example

Jonathan Clements's new Money Guide 2016 has excellent advice on renting vs buying, housing myths, real estate returns, real estate agents, rental properties, assessing the local market, etc.
by Fallible
Mon Jul 11, 2016 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Helping a Family Member Start Investing. Can Someone Check my advice?
Replies: 13
Views: 896

Re: Helping a Family Member Start Investing. Can Someone Check my advice?

I will send her a short a succinct email just advising her to invest in her 401k a certain percent of her income and then if she has taxable money to invest starting a ROTH IRA. Thank you everyone for your help here. This sounds reasonable. Others have mentioned reading material and the 'teach some...
by Fallible
Sun Jul 10, 2016 6:07 pm
Forum: Investing - Theory, News & General
Topic: Jason Zweig: Gold: It's Still a Pet Rock
Replies: 11
Views: 1429

Re: Jason Zweig: Gold: It's Still a Pet Rock

This quote from the article made me laugh so hard that people were staring at me in the restaurant where I was having lunch: " While gold is a reliable store of value over extremely long periods, most investors don't lock up their money for a couple thousand years at a time." (OK, I know,...
by Fallible
Sun Jul 10, 2016 6:01 pm
Forum: Investing - Theory, News & General
Topic: Jason Zweig: Gold: It's Still a Pet Rock
Replies: 11
Views: 1429

Re: Jason Zweig: Gold: It's Still a Pet Rock

Good column about gold's recent surge, but really about, as Zweig says, "What makes an investing decision wrong." And it takes more than just a surge in price.

Thanks for the post. Hope those thinking of rushing into gold now will read it for its historical perspective.
by Fallible
Sun Jul 10, 2016 5:17 pm
Forum: Investing - Help with Personal Investments
Topic: Edwards Jones to Vanguard
Replies: 14
Views: 1303

Re: Edwards Jones to Vanguard

I really appreciate the help, trying to learn all I can. Under any circumstance would you leave the money at Edwards Jones since the dividend for AGTHX has been quite good the past two years 4.225 in 2014 and 3.664 in 2015 and just start contributing to a new fund at Vanguard under the Target Fund?...
by Fallible
Sun Jul 10, 2016 11:47 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1740
Views: 388087

Re: What Movie Have You Recently Watched?

Random Poster wrote:Just finished Spotlight.

It was excellent. I didn't want it to end.


Also watched it last night and agree. The subject and investigation were handled extremely well, with an excellent script and performances by all, in particular Michael Keaton.
by Fallible
Sat Jul 09, 2016 8:25 pm
Forum: Investing - Help with Personal Investments
Topic: Helping a Family Member Start Investing. Can Someone Check my advice?
Replies: 13
Views: 896

Re: Helping a Family Member Start Investing. Can Someone Check my advice?

I second the advice for her to read William Bernstein's free ebooklet, If You Can, and also the wiki on "Emergency Fund" and "Getting Started."

https://www.bogleheads.org/wiki/Emergency_fund
https://www.bogleheads.org/wiki/Getting_started
by Fallible
Fri Jul 08, 2016 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: Help Me Understand My Edward Jones Broker
Replies: 30
Views: 1732

Re: Help Me Understand My Edward Jones Broker

... I want to be fair to Edward Jones and to my broker, but at the end of the day, we simply cannot meet our retirement goals if things keep going this way. Am I understanding the "hypothetical report" properly ? You want to be fair to yourself so you can invest in a way that meets your g...
by Fallible
Thu Jul 07, 2016 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: Simplification vs. "Optimization"
Replies: 36
Views: 2582

Re: Simplification vs. "Optimization"

Toons wrote:Simplify.
That was easy :happy


And simple. :)
by Fallible
Thu Jul 07, 2016 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: Simplification vs. "Optimization"
Replies: 36
Views: 2582

Re: Simplification vs. "Optimization"

... Arguments FOR using tilts (and additional complexity): (1) Backtesting to 1972 showed (past tense) a 0.8% higher return with slightly lower standard deviation (risk; Sharpe Ratio of 0.52 vs. 0.45 for equiv balanced funds) - although 0.8% seems like a small difference, it would increase portfoli...
by Fallible
Thu Jul 07, 2016 2:43 pm
Forum: Investing - Theory, News & General
Topic: "Why most retirees will never spend down their portfolio" by Michael Kitces
Replies: 89
Views: 10574

Re: "Why most retirees will never spend down their portfolio" by Michael Kitces

I would hope not -- end of life expenses can be very significant and we don't know when and how we will die. I'm sure there are many times people late in retirement could afford to spend more but their illness and/or infirmity or that of their spouse may not permit it. On the other hand those who h...
by Fallible
Thu Jul 07, 2016 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Encouragement - Debt pay down
Replies: 17
Views: 1517

Re: Encouragement - Debt pay down

My wife and I have been snowballing the debt pay down with great progress. We have encouraged each other over the last 4 years but now seem like we are both out of steam. Any ideas on how we can keep the emotions of ridding ourselves of the debt burden positive and optimistic? I am honestly surpris...
by Fallible
Wed Jul 06, 2016 9:38 pm
Forum: Investing - Theory, News & General
Topic: "Why most retirees will never spend down their portfolio" by Michael Kitces
Replies: 89
Views: 10574

Re: "Why most retirees will never spend down their portfolio" by Michael Kitces

"Why most retirees will never spend down their portfolio" by Michael Kitces. I thought some of you might enjoy this. https://www.kitces.com/blog/consumption-gap-in-retirement-why-most-retirees-will-never-spend-down-their-portfolio/ This would be it for me, a "prudent reality": T...
by Fallible
Wed Jul 06, 2016 9:07 pm
Forum: Investing - Theory, News & General
Topic: "Food (and funds) for thought on Mr. Bogle's 65 years in the investment industry."
Replies: 3
Views: 323

Re: "Food (and funds) for thought on Mr. Bogle's 65 years in the investment industry."

Definitely more thought than food on that menu, but not surprising considering the two major thinkers at the table.

Enjoyed the Vanguard article and thanks for posting.
by Fallible
Tue Jul 05, 2016 9:29 pm
Forum: Investing - Theory, News & General
Topic: "Jane Bryant Quinn: Plan for a long retirement and maybe even a 101st birthday party."
Replies: 66
Views: 6204

Re: Jane Bryant Quinn advocates for a bucket strategy

Interesting- I know Quinn has many fans here. Jane Bryant Quinn: Plan for a long retirement and maybe even a 101st birthday party (Vanguard) https://personal.vanguard.com/us/insights/article/quinn-plan-retirement-062016 The book advocates "bucket" investing. Would you explain what that is...
by Fallible
Tue Jul 05, 2016 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Zero bonds at 38 yo... and no plans to buy any
Replies: 68
Views: 4974

Re: Zero bonds at 38 yo... and no plans to buy any

You are assuming the stability of the pension for your city for the next 40 years. Remember Detroit was a center of intellect and science 50 years ago.People moved there to be part of the most exciting part of the country. 40 years is a long time for any city. This is actually a major concern of mi...
by Fallible
Tue Jul 05, 2016 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Zero bonds at 38 yo... and no plans to buy any
Replies: 68
Views: 4974

Re: Zero bonds at 38 yo... and no plans to buy any

What many people 'learned' from 2008-2012 was that equities can suffer dramatic fluctuations, including a massive downward spiral that can last a few years, but equities will eventually rebound, so you will be okay if you don't immediately need the money and if you just have the stomach not to sell...
by Fallible
Tue Jul 05, 2016 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Zero bonds at 38 yo... and no plans to buy any
Replies: 68
Views: 4974

Re: Zero bonds at 38 yo... and no plans to buy any

You are assuming the stability of the pension for your city for the next 40 years. Remember Detroit was a center of intellect and science 50 years ago.People moved there to be part of the most exciting part of the country. 40 years is a long time for any city. This is actually a major concern of mi...
by Fallible
Mon Jul 04, 2016 8:29 pm
Forum: Local Chapters and Bogleheads Community
Topic: The Declaration of Independence
Replies: 44
Views: 3301

Re: The Declaration of Independence

It occurs to me that 240 years ago this group of men that met in Philadelphia to cobble together this document were some of the most remarkable individuals to be living on the earth at the same time, in the same place. What would have been the results if even one of them would have stayed home? Hap...

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